Diamcor Mining, a publicly-traded junior diamond mining company based in Canada and operating in South Africa, has reported a net income of C$350,676 for Q2 (the period ended September 30, 2019), a significant increase when compared to a net loss of C$417,368 realized during the same period in the prior fiscal year
Diamcor Mining Inc., a TSX-listed junior diamond mining company with operations in South Africa, sold 4,033 carats of rough diamonds at its first tender in Antwerp and has delivered another 6,369 carats which it expects to sell at a second tender at Koin International in Antwerp in November. A third tender is planned for December. The more than 10,000 carats of rough diamonds expected to be delivered and tendered in Q3 represents a significant increase compared to 3,882 carats delivered and tendered in Q2.
Diamcor Mining, a publicly traded junior diamond mining company based in Canada and operating in South Africa, sold 1,220 carats of rough diamonds recovered from ongoing processing exercises performed at its Krone-Endora at Venetia Project in South Africa for US$376,000, achieving an average sale price of $308.06 per carat. This represents an increase of 76% compared to the company’s average price per carat of $176.16 realised on all rough diamonds tendered and sold to date, and included the sale of a 44 carat gem quality rough diamond.
Canadian junior miner Diamcor Mining Inc.
Canadian junior miner Diamcor Mining Inc. sold 8,318.82 carats of rough diamonds for US$1,851,122.55 ($222.52 avg/ct) in fiscal Q1, ending June 30, 2017, from the newly expanded facilities at the company’s Krone-Endora at Venetia Project in South Africa. This represents a ~38% decrease compared to the 13,384.72 carats tendered and sold in the first fiscal quarter ending June 30, 2016, but only a 3% decrease in revenues compared to the $1,905,978.44 realized during the same period in the prior fiscal year.
Canadian junior miner Diamcor Mining Inc. yesterday announced the recovery a 5.36 carat green gem quality octahedron rough diamond from the newly expanded facilities at the company’s Krone-Endora at Venetia Project in South Africa.
Diamcor Mining Inc. announce the results of its second tender and sale of rough diamonds from the newly expanded facilities at the Company’s Krone-Endora at Venetia Project in South Africa. Diamcor sold 3,265.07 carats of rough diamonds at the second sale of the quarter for gross proceeds of $702,635.70, resulting in an average price of $215.20 per carat. The tender included the sale of three specials (+10.8 carats): 12.80 ct, 12.89 carat gem quality, and a 13.51 ct rough diamond.
Diamcor Mining Inc. has moved forward with the testing, commissioning and calibration of its new operational items and expansions at the company’s Krone-Endora at Venetia Project and expects the finalization of these facilities to be completed by April 30, 2017.
Diamcor Mining has completed the installation of additional operational equipment and expansions underway at its Krone-Endora Mine at Venetia project in Limpopo, South Africa. The junior diamond project developer confirmed that all the work is now complete and all the items are now operational.
Diamcor Mining Inc., a publically traded junior diamond mining company that operates the Krone-Endora mine at Venetia in South Africa, reported $1,166,937.49 in sales during second fiscal quarter 2016. The company held two tenders during the period; combined, the rough diamonds tendered and sold during the current fiscal quarter amounted to 8,274.47 carats, or an average price of USD $141.03 per carat.
Diamcor Mining Inc. says it has raised C$5.82 million (US$4.48 million) from investors, with more than 90% of the units offered being acquired by institutional investors. The shares and warrants in the units offered must be held until January 1, 2017 before they can be sold. Proceeds from the Offering will be used for the acquisition of additional operational equipment and materials to support the continued advancement of the Company’s Krone-Endora at Venetia Project, and for general and administrative purposes.
Diamcor Mining Inc. is nearing the completion of a brokered private placement financing deal that will help it raise C$5 million to be used for the acquisition of additional operational equipment and materials to support the continued advancement of its Krone-Endora at Venetia Project in South Africa. The cash raised will also be used for general and administrative purposes, the miner said in a statement.
Koin International is organizing a tender from 14 to 20 July in Antwerp featuring a selection of original rough productions from around Africa, including: Angola F2M, Diamcor (Krone-Endora Mine), Klipspringer Mine, Guiter (Guinea), Sierra Leone, DRC. The Angola goods on offer include Koin assortments (30,000 cts+), 6gr down, as well as 10.80 ct+ single stones and large fancy colors (yellow and pink).
At the final tender of rough diamonds from its Krone-Endora at Venetia project in South Africa for Q1 held in June 2016, the Diamcor Mining Inc. sold a combined total of 5,563.59 carats of rough diamonds for gross proceeds of USD $954,346.49, resulting in an average price of USD $171.53 per carat.
Diamcor Mining Inc. reports a combined figure of 7,821.13 carats of rough diamonds tendered and sold to date during the current fiscal quarter which ends on June 30 generated gross proceeds of $951,631 with an average price of $121.67 per carat. The stones are from its Krone-Endora at Venetia project in South Africa. A further tender will be held later this month, making combined total rough diamonds delivered for tender and sale in the quarter to 13,436 carats.
Diamcor Mining Inc. is advancing its Krone-Endora at Venetia project in South Africa with the completion of the first two of four additional boreholes associated with the recently granted long-term water use license, and expects to finalize the two remaining boreholes before the end of the current fiscal quarter ending June 30.
Diamcor Mining Inc. has announced the recovery of two “special” gem-quality rough diamonds (+10.8 carats), an 11.64 and a 12.73 carat stone, from its Krone-Endora at Venetia Project in South Africa.
Diamcor Mining Inc. said that Tiffany & Co. Canada has agreed to payment deferrals and a maturity date extension of its loan and convertible debenture financings with the company for six months. Diamcor reportedly had a long-term debt of $4.41 million owing to Tiffany as of October 30. The arrangement is subject to the finalization and execution of amended documentation whereby interest will continue to accrue on the outstanding balances of the financing facilities during this period, with payments of both principal and interest to commence again on July 20, 2016. Diamcor Mining Inc.
Diamcor Mining Inc has announced the installation of a deposit-specific crushing circuit, along with Tomra XRT diamond recovery technology, for the processing of material in the +26.0mm size fractions at its Krone-Endora at Venetia project in South Africa. "The selection and installation of this equipment is aimed at achieving the effective liberation of oversized materials, while reducing the potential breakage of larger diamonds through a selective crushing system.